Grubb David Harold Jr. 4
4 · SOLV Energy, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
SOLV Energy (MWH) CCO David Grubb Redeems 235,947 Units ($8.49M)
What Happened
David Harold Grubb Jr., Chief Commercial Officer of SOLV Energy (MWH), had 235,947 MH Units (derivative interests) automatically redeemed for cash on 2026-06-01 in connection with a follow-on offering. The redemption price was $36.00 per unit (the public offering price net of underwriting discounts), for a total cash amount of $8,494,092 (235,947 × $36.00). This was a non-discretionary, pro rata redemption rather than an open-market sale by the insider.
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (appears timely within the usual 2-business-day window).
- Instrument/Code: Disposition to issuer (D) — derivative units (MH Units) redeemed for cash.
- Units disposed/redeemed: 235,947 MH Units.
- Price per unit: $36.00 (public offering price net of underwriting discounts).
- Total realized: $8,494,092.
- Post-transaction holdings: not specified in the Form 4.
- Notable footnotes: redemption triggered by the Limited Partnership Agreement and LLC agreement; redemption also resulted in surrender/cancellation of corresponding Class B common stock held by the affiliate (MH) and cancellation of MH Units held by the reporting person. The transaction was automatic and required by the partnership agreements in connection with the follow-on offering by affiliates of American Securities LLC and the issuer.
Context: This was an automatic, contractual redemption tied to a company follow-on offering—i.e., a corporate/partnership mechanics-driven disposition—not an opportunistic open-market sale by the insider. Such mandated redemptions are typically routine and reflect agreement terms rather than a decision about the company’s prospects.
Insider Transaction Report
- Disposition to Issuer
SOLV Energy Management Holdings LP Units
[F1][F2][F3][F4]2026-06-01−235,947→ 2,576,799 total→ Class A Common Stock (235,947 underlying)
Footnotes (4)
- [F1]Pursuant to the Limited Partnership Agreement ("MH LPA") of SOLV Energy Management Holdings LP ("MH") and limited liability company agreement ("Opco LLCA") of SOLV Energy Holdings LLC ("Opco"), the Reporting Person is indirectly entitled to redeem common units of Opco ("Opco LLC Interests") held by MH for, at the Issuer's election, shares of Class A common stock of the Issuer ("Class A common stock") on a one-for-one basis or, using proceeds from a substantially contemporaneous follow-on offering or secondary offering, a cash payment equal to the price per share of the Class A common stock net of any underwriting discounts or commissions paid in such offering, in each case in accordance with the terms of the MH LPA and the Opco LLCA.
- [F2](Continued from footnote 1) Upon a redemption of Opco LLC Interests by MH, an equal number of shares of Class B common stock of the Issuer held by MH will be surrendered to and cancelled by the Issuer for no additional consideration, and an equal number of limited partnership units in MH ("MH Units") held by the Reporting Person will be cancelled by MH. In accordance with the MH LPA, each share of Class B common stock held by MH entitles the Reporting Person to one vote per share but carries no economic rights. Opco LLC Interests and MH Units do not have an expiration date.
- [F3]In accordance with the terms of the MH LPA and Opco LLCA, represents the required, automatic and non-discretionary pro rata direct redemption for cash of 235,947 MH Units held by the Reporting Person (and the corresponding (i) surrender of an equal number of Opco LLC Interests held by MH and (ii) cancellation of an equal number of shares of Class B common stock of the Issuer held by MH) in connection with the public offering of Class A common stock by affiliates of American Securities LLC and the Issuer pursuant to the prospectus dated May 28, 2026, and accompanying registration statement on Form S-1 (File No. 333-296238), of the Issuer (the "Follow-On Offering").
- [F4]Represents a price per MH Unit equal to the public offering price in the Follow-On Offering of $36.00 per share of Class A common stock, net of underwriting discounts and commissions.